NAS Digest November 2020

Welcome to final edition of NAS News for 2020.

What a year to date!

Bushfires, Social Distancing, Isolation, Lock-down, Recession, Recovery, All Time Low Interest Rates …….!

We have all faced a challenging year that’s for sure. On behalf of the NAS team, I would like to thank you, our valued customer, for your continued support and custom. We all wish you continued good health, happiness and sustained business.

In this edition I will report on holiday season trading hours, current trading conditions, some new product announcements and as usual I will also provide links to numerous industry and technology articles.

I trust you enjoy the digest.

Best regards,

John Kimbell

NAS Operational

COVID-19 Update - NAS Australia - Still Very Much Open For Business

Despite facing escalating constrained shipping container space into Australia, all NAS locations continue to hold solid inventory levels.

For customers who visit our branch locations, we continue to wipe down all frequently touched surfaces, make hand sanitiser available for use, test staff temperatures daily and adhere to space separation (minimum of 1.5 meters) when interacting in the branch locations.

NAS Australia Trading Account Update

I would like to take this opportunity to thank the vast majority of our customer base for your continued support of our team by paying your credit accounts on time.

NAS imports the vast majority of our product range.  In doing so, we need to pay our suppliers before stock leaves their factory.  Depending on locale, containers can take up to 8 weeks to land, clear and unload; tying up significant cash flow in the process.

During the pandemic some suppliers have rescinded all customer trading accounts, reverting them all to cash, or reducing terms.  I would like to reinforce that this is not something NAS has considered or implemented.  Having said this, to enable NAS to keep our product supply pipeline full, enabling the continued purchase of stock for all in our supply chain, we need your continued assistance.  We would greatly appreciate if all NAS Account customers continue to pay their account within terms.  If this is not possible, please make contact with our accounts department as early as possible as there is nothing more worrying than no communication.

I would like to take this opportunity to thank you for your understanding and continued custom.  We do very much appreciate your support.

Connected Magazine Most Popular Awards 2020

The Connected Magazine Most Popular Awards 2020 have been awarded and NAS Australia has fared very well again this year.

Now in its 10th year, in excess of 600 members of the industry voted for the brands and organisations they feel should be recognised as the leader in their sector.  Covering around 50 different categories in the residential and commercial integration space, these awards have proven to be much sought after and hotly contested. The team at NAS is extremely proud of how we fared again this year.

Residential Distributor

NAS Australia – 2nd Runner Up! A great result considering the distributor categories were open to every/any distributor in the industry.

Commercial Distributor

NAS Australia – 6th.

Freestanding LoudspeakersKrix 5th place

Krix 1st place
Earthquake Sound 3rd place

Architectural Loudspeakers Residential Krix 2nd place
Earthquake Sound 5th place
Outdoor LoudspeakersKrix 2nd place
Earthquake Sound 6th place
Architectural Loudspeakers Commercial Krix 3rd place
Earthquake Sound 5th place
AV ReceiversPioneer 5th place
Speaker Cabling/InterconnectsBlustream 2nd place
Kramer AV 4th place
SignalMAX 6th place


Pioneer 4th place
McLelland 6th place

MixerKramer AV 4th place
Audio EmbedderBlustream 1st place
Kramer AV 4th place
PA SystemsKramer AV 4th place

Motorised Lifters

Sanus 5th place
TV MountSanus 2nd place
Video ProcessorsBlustream 1st place
Kramer AV 4th place
AntennasSignalMAX 4th place
Topline Aerials 5th place
4K Video Extender

Blustream 2nd place
Kramer AV 5th place

Video Scaler

Blustream 1st place
Kramer AV 3rd place

Multi-room AV DistributionBlustream 2nd place
Kramer AV 6th place
Whole-house Control System Kramer Controls 5th place
HDMI CablingKramer AV 3rd place
Blustream 4th place
Matrix SwitcherBlustream 1st place
HDBASET Extender KitBlustream 1st place
Rack Cooling SystemsSanus 3rd place
AV Over IPBlustream 2nd place
Kramer AV 6th place
Racks/CabinetsSanus 2nd place
Digital ModulatorZycast 1st place
Novonde 4th place
Presentation/Collaboration ToolsBlustream 3rd place
Kramer AV 5th place
IP Security CameraTiandy 5th place
Integrated Security System

Risco 4th place
Tiandy 4th place

IntercomDoorbird 3rd place
Test and MeasurementKramer AV 2nd place
Platinum Tools 3rd place
Tactile Sound Transducer (Shaker) Earthquake Sound 1st place
Kramer AV 5th place


Ubiquiti 2nd place
Kramer AV 4th place
TP Link 5th place

Thank you to everyone who voted for NAS and the brands we represent.  Your continued support is most appreciated.  As you can see from the above-mentioned results, the NAS team is compiling a formidable stable of diversified products, most of which are conveniently available off the shelf in Cairns, Brisbane, Newcastle and the Sunshine Coast.

Moving forward, the more 'popular' we become, the more quality brands we will have access to in the future – a win-win for NAS and our valued customers.

NAS Product News

To top

New Improved Altech UEC 4921RV

The Best just got Better!


The market leading UEC DSD4921RV has been refreshed with additional features you'll appreciate.

The UEC DSD4921RV now comes with:

  1. Market Leading 36 month Australia-wide warranty,

  2. 7 segment front panel display for ease of channel navigation and clock functionality when in standby,

  3. UEC TV streaming portal for broadcasters’ Catch-Up TV services (internet connection required), and

  4. Program guide with Picture in Picture and Event Search.

The above enhancements have been made with no change to your buy price.
I believe that the above-mentioned benefits, combined with the value Proposition Statement below, will allow you to continue to promote the Altech UEC DSD 4921RV as the VAST set top box of choice.


“The NAS Altech UEC commitment and Value Proposition to your Business”


  •  Consistency of supply..... we never run out of UEC4921RV stock leaving your business high and dry!

  • Structured, value for money pricing that you can build your business on with confidence.

  • Proven product reliability backed by a no hassle, industry leading 36 month national factory warranty.

  • Assurance that NAS is proactively optimising our supply chain to minimize price adjustment, investing in new products and features to ensure the Altech UEC set top boxes and related equipment remain the market benchmark and product of choice.

Tiandy sales going from strength to strength

As reported in our last digest, NAS was selected as a National Distributor of Tiandy IP CCTV products late last year.  Since that time sales have been accelerating and the range has continued to be incredibly reliable and very well priced.

With 25 years of experience in the surveillance industry, TIANDY TECHNOLOGIES has built a solid reputation as a vendor of highest quality products with proven reliability.  Tiandy is currently ranked number 9 globally in the 'A&S Security top 50' rankings.

Coming Soon

Q1 2021, Tiandy IP Wi Fi Bullet and Dome Kits.

Tiandy 2MP IR Dome and Bullet Wi-Fi Kits will be coming to Australia in 2021, consisting of 4 x 2.8mm Wi-Fi Dome or Bullet IP Cameras and a 4 Ch Wi-Fi NVR, depending on your recording requirement, just add the hard Drive size needed. Both the Wi-Fi Dome and Bullet camera options will be sold separately can be added to new or existing hard wired systems via the client’s router.  See the light, give Tiandy a try.  Backed by the NAS Security team, we will ensure your transition to Tiandy is a seamless and rewarding process.

If you would like to know more about the Tiandy range please contact NAS Australia on 07 3015 8700 or email us at or contact your closest NAS Australia Branch.

ANTFLOG34LTE Product Release

NAS is proud to introduce its new Trade Value Range Band 3/4 folding log-periodic antenna. 

Cut to optimise Australian VHF and UHF channel reception, and supplied with a built in PCB Filter at the connection end, the antenna is designed to fit snugly in tight spaces. Simply hold in one hand and fold out the elements into the familiar Christmas-tree shape and mount on a pole. Perfect for those builders jobs where you need a low cost, no fuss antenna that’s easy to carry and simple to install. 

Risco VUpoint CCTV solution:

Live view, recording, and video verification In one App!

Beyond outdoor DT K-Band series and VUpoint CCTV solution - A winning combination of superior outdoor detection with live video verification!

Intrusion events detected by the Beyond outdoor detector, trigger the VUpoint Outdoor IP camera, sending real time push alarm notification with images and 30sec video clips directly to the smartphone.

This real time alarm notification with visual evidence from the right camera at the right time, enables the user and monitoring station to take immediate action!

Want to know more, please have a look at the introductory video below:


Risco LightSYS 2 Residential Intrusion Kit – on special now

Available now from NAS Australia, the RISCO LightSYS 2 Residential Intrusion Kit, complete with Main Panel, LCD Keypad, 12v 7Ah Battery, Internal Top hat Siren, External Siren Strobe and 2 x Texecom Digital PIR Sensors.

Texecom’s Premier Compact detectors are designed to provide optimum performance levels in any type of residential environment.

Digital PIR with advanced signal processing. Digital temperature compensation provides class-leading performance in hotter conditions, perfect for Australia.

  • 15m volumetric range
  • Digital signal processing
  • Interchangeable lens library
  • Built-in EOL resistors
  • Mounting height alignment
  • Digital temperature compensation
  • Remote LED disable
  • PD6662:2010 Grade 2 Class II

Should you be interested please contact us for more information and special pricing.


Protect your installations - protect your customers - be Monster ready this storm season because you are safer with a monster in the house!
Premium protection - competitively priced!  Now available at all NAS locations.

Essentials Powerboard

Keep electronics safe from surges, overloads and other power-nasties with a Monster Power surge protector. The Essentials range affords a significant degree of protection at a super low price. These devices comes with up to $20,000 Connected Equipment Warranty for your peace of mind.

In-line Surge Protection

The Monster Power In-Line surge protector provides the ultimate protection to a large screen TV or rack-mount system. Attach easily in line with 1.8m of cabling and cable management for hidden applications.  Protected by MOV components and includes a $50,000 Connected Equipment Warranty.

Monster Powercubes are your always-on power guard.  Standing ready to protect and absorb spikes and surges, Powercubes let you know when they’re ready to protect and know when they’ve sacrificed themselves for your valuable equipment. Powercubes are loaded with $75,000 Limited Connected Equipment Warranty.

If you would like to know more about the Monster range please contact NAS Australia on 07 3015 8700 or email us at or contact your closest NAS Australia Branch

SignalMAX Cat6A Cables

Cat6A patch leads and accessories

Simple Cat6A

SignalMAX has always stood for optimal performance. But it’s also been about no nonsense. Cat6A shielded ethernet cables are the new standard for 10Gbit performance, featuring full shield and foil wrapped pairs (S/FTP). With convenient lengths, interchangeable colour markers and snagless clips, make every patch panel look and perform at its best. Simple.

Easy RJ45 cat connectors

Introducing the SignalMAX Easy RJ45 connector, incorporating feed-through design and a snagless clip. It’s always been difficult to re-check conductor colours inside traditional RJ45 connectors prior to crimping, especially in low light and awkward angles. The pass-through design allows conductors to pass out of the end of the connector prior to cutting for easy verification. Connectors can be prepared and terminated properly first time, every time.

Recently the patent on the original design of pass-through RJ45 lapsed, allowing other vendors manufacturers to pass on this game-changing adaption. The termination tool is a little different than regular RJ45 crimper tools as it is also designed to cut the excess conductors.

You’ve got the perfect connector. Use the perfect tool. It’s important to make sure that the tool cuts the conductors cleanly during every cut/crimp operation. SignalMAX tools are matched to the Easy RJ45 connectors to product a good cutting result every time. Every tool comes with spare blades and replacements are also available from NAS Australia branches.


Introducing Mimosa Networks

NAS Australia is proud to announce becoming a distributor for Mimosa Networks Inc, a broadband wireless manufacturer with headquarters in California's Silicon Valley.  Recently acquired by Airspan Networks, Mimosa brings carrier grade access, backhaul and client wireless solutions to Wireless ISP and micro-provider markets to over 140 countries across the world.

Built robust to be long lasting and reliable in every climatic condition, Mimosa radios combine high efficiency with latest data handling capability for optimum performance in crowded bands.  With products supporting 5GHz (4.9GHz up to to future-ready 6.4GHz), 11GHz and 24GHz, Mimosa provides both speed and penetration for carriers of all sizes.

Mimosa's extensive documentation and free and premium level support services offer effective help for every problem.  The cloud based platform control account allows you to design, install and manage all your systems from one single interface.

Ask your friendly NAS representative for more information today, or check out the Mimosa web site at

AV Access

NAS has recently added a competitively priced range of HDBaseT extenders and splitters to our range.

AV Access, a family of HDMI distribution products that grew up courting the US online consumer market, is refocussing towards installers who need a no-fuss product to ‘just work’ in today’s digital video systems. Reliable performance at competitive prices is what AV Access is all about. NAS introduces AV Access products to hit a sweet spot in mid-market AV systems.

AV Access products include extenders, splitters, switchers and compact matrixes. Some products in the range cover just the old HD specification, but many are now ready to meet modern 4K video and immersive audio formats, at price points just right for regular installers. Many AV Access products include one-way or two-way IR control functions and power over CatX cable, while some also support RS-232 for more comprehensive control and automation.

AV Access smart splitters auto negotiate and scale down 4K sources to HD TVs to make the transition between UHD sources and mixed UHD/HD displays seamless. AV Access 4K HDBaseT extenders provide excellent value for money with support for most of the popular video and audio formats.

Altech UEC ‘Halo’ Auto dish sales gaining serious traction

Our Altech UEC ‘Halo’ Self-Pointing Satellite range is proving to be very popular in the market place with sales gaining serious traction.  We firmly believe that we now offer the best value for money automatic dish system on the Australian market.  Pop into your nearest NAS branch and witness the 'Halo' effect for yourself.  Featuring:

  • Easy to operate
  • Quad LNB to support VAST and Foxtel
  • Built in GPS and Auto Skew Adjustment
  • Single cable connection between indoor and outdoor unit without running 12V or 24V
  • Metal Gearbox
  • 2 year warranty

Product flyer and specifications can be downloaded by clicking here.

NAS News

To top


Free-to-air TV biggest viewing gainer amid lockdown

“According to data collected over roughly the past three weeks, free-to-air viewing has increased around 30 minutes a day, subscription video-on-demand is up around 20 minutes a day and pay TV channel viewing is up around 10 minutes a day. Movies, which includes rentals and purchases, are up 70 per cent.”
“The free-to-air viewing numbers capture live and recorded viewing on Fetch's personal video recorder set-top box. Free-to-air broadcaster video-on-demand (BVOD) services are also up strongly.”

“This was compared to the five weeks leading up to government restrictions from February 9 to March 8.”

"Despite the lack of live sport, FTA is generating the majority of the growth, powered by news and reality," Fetch chief executive Scott Lorson said. 

The complete article can be accessed here:

It's back to the couch as lockdown spurs boost in family TV viewing

“Here's one side effect of coronavirus the medical experts haven't yet mentioned: it is spurring families to plop down on the couch to watch television together – in some cases, for the first time.”

"Before this, we didn't ever watch TV together," says Emma McCormack, a technology sector worker and mother of three in Sydney's Hunters Hill. "The kids are usually on YouTube, I watch something on my iPad, and my husband Dave might sit down with the boys to watch sport.”
"But because everything is more relaxed, all bets are off."

"We are finding it a strange upside," says Zoe Shurgold, a communications specialist in Melbourne's Northcote who is enjoying the experience of evening viewing with her partner Paul McAleer, an urban planner, and their boys Dylan, 10, and Myles, seven. "We have a lot of laughs. You forget during your busy day-to-day working life how much their little personalities are growing."

“It's not just the streaming services that are grabbing fresh attention. After years of decline, free-to-air television is enjoying a major boost in viewing numbers too.”

“In the weeks since Australia went into various stages of lockdown on March 16, prime-time audiences (7.30pm to 9.30pm) are up 13.2 per cent compared to the weeks before lockdown. Year on year it's a smaller lift of 4.9 per cent, but in every other timeslot numbers are up by between 24.5 and 50.2 per cent compared to a year ago.”

“Audiences are up in all demographics, but younger viewers are conspicuous in their return to free-to-air programming.”

The complete article can be accessed here:

TV is the big winner for news during lockdown

“New research from Roy Morgan shows over 13.1 million Australians (62.4%) said TV was a main source of news during the June quarter 2020, up from 12.6 million (60.0%) during the March quarter.”

"TV emerged as the favoured news source during the period of lockdown for more Australians than any other as over 4.3 million Australians were sent to work from home in March. Roy Morgan’s data on working from home shows there were still 3.9 million Australians working from home in July.”
“Other sources of news were led by the Internet used by over 11.2 million Australians (53.4%) – including 6.4 million (30.5%) using Social Media followed by Radio nominated by 6 million (28.5%), news or newspaper website/apps mentioned by 5.8 million (27.6%) and printed newspapers named by 3.8 million (18%).”

“Within the broader category of the internet over 3.3 million Australians (15.7%) used news feed sites such as Google News, Apple News, Feedly etc., a further 1.6 million (7.4%) used email subscriptions or updates and 1.4 million (6.9%) use other websites or apps. There are 940,000 (4.5%) who used magazines (printed, website or app) as a main source of news.”

“These latest findings are drawn from the Roy Morgan Single Source survey, Australia’s most comprehensive consumer survey, derived from in-depth interviews with 50,000 Australians each year.”

The complete article can be accessed here:

Report: Aussies value commercial TV more than ever

“A Deloitte Access Economics report commissioned by Free TV reveals the immense value Australians place on free, universally accessible news, entertainment, sport and drama.”

“The Deloitte research also quantifies the substantial contribution commercial television makes to the economy, contributing $2.3 billion to the nation’s GDP in 2019, employing more than 16,000 people and investing $1.6 billion annually in producing Australian content.”

“The Everybody Gets It report found that 89 per cent of Australians think commercial television is a valuable service and 76 per cent believe it is more important than ever, while 86 per cent think it supports Australian culture.”

“Audience surges of 15-20 per cent during the peaks of the Covid-19 and bushfire crises suggest that Australians turn to commercial television in times of uncertainty – and expect it to be there for them. In this context, it is no surprise that news emerged as the primary reason people give for watching commercial television – 75 per cent of respondents said they trust commercial television news.”

Free TV CEO, Bridget Fair said: “In commissioning this report, Free TV Australia wanted to shine a light on our industry and its many contributions to Australia’s society and culture. We were also keen to ‘take the temperature’ of our audiences to understand the value they place on this free, universal service.”

“It turns out that despite increased competition, Australians value commercial television even more than we expected. Access to local entertainment, news and sport is a very big deal for viewers, with 95 per cent telling us that losing commercial television would have an impact on society, particularly through the loss of access to news, sport and entertainment.” 

The complete article can be accessed here:

New FTA TV channel: 10 Shake transmitting 6am on Sunday, 27 September

“It’s official. The newest member of the Network 10 family is 10 Shake and the new FTA channel is launching on viewers screens from 6am on Sunday, 27 September.

Every day from 6.00am – 6.00pm 10 Shake will boast programs just for the kids. For the first time on free-to-air TV, young ones will be able to tune into The Loud House, Henry Danger, Sam & Cat and The Thundermans.

Also favourites like SpongeBob SquarePants, PAW Patrol, Dora The Explorer, Butterbean’s Café and locally produced, Ready Set Dance, Totally Wild and Scope.

From 6pm each night the programming mix switches to adults with The Charlotte Show, Teen Mom Australia (Season 1), Ridiculousness (Season 8), Catfish: The TV Show (Season 6) and The Daily Show With Trevor Noah making their free-to-air debuts while The Late Late Show With James Corden, Comedy Central Roasts, Drunk History US, Ex On The Beach UK and Lip Sync Battle will also be entertaining viewers.” 

The complete article can be accessed here:

Optus and Foxtel extend satellite service contract until 2031

“Foxtel will continue using Optus’ satellites until at least 2031 thanks to a new contract extension.”

“The deal comes two years after Foxtel announced it would be moving all customers over to satellite and ditching cable delivery. The financial details of the new extension have not been revealed.”

“Optus Satellite owns and operates Australia and New Zealand’s largest fleet of spacecraft with five satellites currently in orbit. Ben White, Optus managing director of wholesale, satellite and strategy, said the extension was important for Optus to maintain its position as the market leader.” 

The complete article can be accessed here:

Nine launches Stan Sport following rugby union deal

"Streaming service Stan has launched a sports-only channel in an attempt to expand its product offering in the highly competitive video-on-demand market."

"In a statement lodged to the Australian Stock Exchange on Monday, owners Nine Entertainment said the major streaming service would begin offering an on-demand sport streaming service as a bundle to Stan customers."

"The launch of Stan Sport coincides with an agreement between Nine and Rugby Australia for the broadcasting rights for all Wallabies and Wallaroos games for the next three years."

"Worth approximately $100 million, the deal also gives Nine the right to extend the rugby union agreement for another two years."

"The deal will include trans-Tasman matches, South African competitions and Super Rugby games."

"Nine’s decision to initiate a dedicated sports-on-demand product is in direct competition with sports streaming service Kayo, which is owned by Foxtel."

"In its statement, Nine said the rugby union agreement was a core element of Stan Sport, which is also seeking to acquire similar rights with other major sports."

The complete article can be accessed here:


Global Security Camera Market Forecast To Double To $44B By 2025

“Market research firm IDC has forecast the worldwide video surveillance camera market to almost double from $23.6 billion in 2019 to $44 billion by 2025, representing a five-year compound annual growth rate of nearly 13%.”

“Video surveillance camera growth is being driven by the adoption of smart camera systems and the adoption of the video analytics applications that enable them,” said Mike Jude, Research Director for IDC’s Video Surveillance and Vision Applications practice.

“Although the market has seen a short-term decline driven by COVID-19 impacts, the longer-term prospects will be driven by the increasing use of video surveillance in law enforcement and physical security.”

“Currently, consumer video surveillance cameras, which includes home security systems and mobile cameras (such as mobile dashcams in cars), represent 32% of the global total.”

“Looking ahead, IDC expects that the blacklisting of Chinese camera manufacturers by the US government will not slow down broader market growth, but it will open the market to smaller camera producers.” 

The complete article can be accessed here:

Home Automation Jumps 38 Per Cent in 12 Months

“According to the results of a recent survey of 10,000 broadband households conducted at the end of 2019 by market research firm Parks Associates, adoption of home control systems saw a 38 per cent year-over-year growth rate. While the figures apply to the U.S. market, they have relevance to ANZ and confirm a slowly building trend.”

“In addition, the report, “Smart Home Buyer Journey and User Experience,” also confirmed that 18 per cent of broadband households in the U.S. have a home control system and that roughly half of households with such a system purchased it with their first smart home device.”

“The majority of home control systems are integrated into a home security system, indicating the success of the security channel in particular in promoting the value proposition of home systems,” said Brad Russell, research director, Connected Home, Parks Associates. 

The complete article can be accessed here:


Australian researchers claim new internet speed record of 44.2 Tbps

“Australian researchers shattered the record for the fastest internet speed achieved, hitting 44.2Tbps — or 1000 HD movies a second.”
“Australia’s internet isn’t exactly world-class, but it could one day lead the world in speed if it’s the first to take advantage of a new discovery by some local scientists.”

“A team of researchers from three Melbourne universities have this week claimed the world’s fastest internet speed using a single optical chip, which they said will facilitate faster networks with more capacity in the future.”

“The new record speed of 44.2tbps (terabits per second) shattered the previous record of 30.1tbps, and the chip used in the latest test is said to have used less than half the spectrum.”

“That speed is roughly one million times the speed you’d currently get on the most popular NBN bundle.”

“The researchers from RMIT, Monash and Swinburne universities used something called a micro-comb to replace 80 separate lasers inside a fibre optic cable with one chip.” 

The complete article can be accessed here:

SpaceX Starlink users provide first impressions and unboxing pictures

“SpaceX Starlink beta users are starting to share their experiences, confirming that the satellite service can provide fast broadband speeds and low latencies in remote areas. A beta tester who goes by the Reddit username Wandering-coder brought his new Starlink equipment and a portable power supply to a national forest in Idaho, where he connected to the Internet with 120Mbps download speeds.”

Starlink "works beautifully," he wrote yesterday. "I did a real-time video call and some tests. My power supply is max 300w, and the drain for the whole system while active was around 116w." Starlink pulled that off in a place where Wandering-coder couldn't get any cellular service from Google Fi, which relies on the T-Mobile and US Cellular networks. "There is no cell here with any carrier," he wrote. 

The complete article can be accessed here:


Reserve Bank cuts interest rate to ‘unprecedented’ 0.10 per cent

“The RBA has announced an “unprecedented” cash rate cut today that could save Aussies around $15,000 on their mortgage.”  

“The Reserve Bank has cut the official cash rate today to an all-time low of 0.10 per cent from 0.25 per cent.”

“This effectively takes the cash rate to near negative interest rates on Melbourne Cup day.”

“Many economists predicted the cut after the RBA kept the interest rate at 0.25 per cent in October on Budget day.”

“The RBA, which meets on the first Tuesday of every month where the board makes a decision on interest rates, has reduced the rate five times since 2016.”

“The rate was dropped to a historic low in March this year due to the COVID-19 pandemic.” 

The complete article can be accessed here:

Reserve Bank indicates recession is over

“The Reserve Bank of Australia says its “best guess” is Australia’s economy grew in the September quarter, spelling an end to the recession.”

“The Reserve Bank of Australia says its “best guess” is Australia’s economy will grow in the September quarter, ending the recession.”

“At senate estimates on Tuesday, RBA deputy governor Guy Debelle said Victoria’s 12-week lockdown would not hinder the nation’s recovery from its first economic recession in over three decades.”

“Our best guess is it looks like the September quarter for the country recorded positive growth rather than slightly negative,” Dr Debelle said.

“As best as we can tell, the growth elsewhere in the country was more than the drag from Victoria, and possibly the drag from Victoria was a little less than what we guessed back in August.”

“The RBA is expecting gross domestic product (GDP) for the September quarter will track positive, following its steep fall in the previous quarter by 7 per cent.”

“A technical recession is two consecutive quarters of negative GDP growth.” 

The complete article can be accessed here:

Australia's coronavirus recession might soon be over, but the economic road back to full recovery will take years

“And now for the good news. The recession only has a few weeks left to run.”

“Actually, the news is even better. Most leading economists reckon the September quarter will show Australia's economy grew, even with the second-wave virus-induced shutdown in Victoria.”

“So, it seems by the time we found out we had experienced the worst downturn since the Great Depression, we'd already entered the next boom.”
“Except, it doesn't quite feel as though we've been through the worst of it just yet.”

“And therein lies the delusion and the deception with judging everything in terms of economic growth, or more precisely, changes in GDP.”
“For the true measure of an economic downturn is employment.”

“It's etched into the faces of people who no longer can adequately provide for their families, for the legions of small business owners who not only lose their livelihoods but exit with a pile of debt.”

“Just ask any treasurer who's been through an economic crisis. The impacts linger on for years in terms of lost revenue and higher social security expenditures.”

“It's ordinary workers who bear the brunt, particularly the young and those within a decade of retirement.”

“We've yet to see how many Australians resume their working lives, how many find themselves with earnings well short of their expectations.”

“We will never quite know how many lives are permanently disrupted by their inability to land a job in their chosen career. Nor will we count the cost.”

“The forgotten dreams and hopes of a generation are never quite captured in the percentage changes in GDP.”

The long road to jobs recovery

“The last official recession we endured, back in 1991, appears as a tiny aberration in the economic growth story.”

“It too only lasted a couple of quarters.”

“And the downturn wasn't that severe anyway, at least if you only consider GDP.”

“But the jobs numbers tell a very different story.”

“It wasn't until 2004 that the jobless rate dropped below 6 per cent.”

“It took 14 years to get back to the level it was prior to the beginning of that recession.” 

The complete article can be accessed here:

Coronavirus has people buying home improvement items over alcohol, data shows

“Australians have moved on from hoarding supermarket food and bottle shop booze and have found a new obsession to spend up big on in the face of coronavirus.”

“It’s arrivederci rice and hello home furnishings as, content we now have fully stocked pandemic pantries, we move into nesting. That’s good news for the likes of Bunnings, Harvey Norman and JB Hi-Fi which have seen an uptick in sales.”

“Analysis of credit and debit card transactions from Commonwealth Bank has shown Australians are purchasing less clothes and going for fewer haircuts. We’re even spending 42 per cent less on healthcare, despite being in a health crisis.”

“And while liquor store sales are soaring, leading to suggestions we’re all going to leave lockdown as newly minted alcoholics, the data reveals we’re actually spending less on booze overall given transactions in pubs have almost dried up.” 

The complete article can be accessed here: